Peyton Manning picks Denver; Las Vegas immediately reacts

Peyton Manning has picked the Denver Broncos to be his next team, and Las Vegas has already adjusted its Super Bowl odds accordingly.

According to R.J. Bell of Pregame.com, Denver's odds to win the next Super Bowl were as high as 70 to 1 in February, but have now dropped to 10 to 1.

Only four teams have better odds: the Packers (6 to 1), Patriots (7 to 1), 49ers (7 to 1), and Saints (8 to 1).

The Broncos opened as 25-to-1 longshots to land Manning, meaning a $100 bet on that would have paid $2,500.

Denver has not signed the four-time most valuable player, but Manning has instructed agent Tom Condon to work out a deal with the Broncos. The contract is expected to be in the neighborhood of $90 million over five years.